Video is also used to confirm completed work on a construction site. Almost all construction is paid for in "draws" which the contractor requests as certain work is completed.
Efectively Proving Everything was Done
In the past (and certainly the most common method) the bank sends out their own officer to inspect the job site and charges the builder for each inspection. On major jobs, the fees run a few thousands of dollars, depending on the size and location of the project. Videotaping holds tremendous advantages for the lender and the contractor. The contractor can prove that he and the draw inspector are completely honest and clear about what was done. The bank’s inspector is, many times, a young person from the bank who knows nothing about construction and might overlook or misinterpret what was finished or unfinished work which was required to be completed for the draw. If a videographer is utilized, the bank sends a copy of the list of the required work or material that must be in place before they will cut the builder his check. Taking the bank’s check list, the videographer goes out and videotapes the items on the list - in the order noted. Obviously, what is not there cannot be videotaped. The videotape, along with a signed certification of the inspection, is sent back to the bank for their review and action.